The XRP ecosystem welcomes new opportunities as Doppler Finance unlocks holder yield potential

During this cycle, although Bitcoin has performed spectacularly, Ripple (XRP) has become one of the few tokens to outperform BTC. Since its low of $0.287 in June 2022, XRP has reached as high as $3.4, an increase of over 1085%. Despite a recent pullback, it remains around $2.1, still showing an increase of over 630% from the cycle low. This strong performance has brought XRP back into the top three of the cryptocurrency market capitalization rankings, with a fully diluted valuation (FDV) even surpassing ETH at one point, temporarily securing the second position.

However, XRP holders have long faced a dilemma: due to the technical characteristics of the XRP Ledger, the revenue channels for holding XRP are limited. The XRP Ledger employs a Federated Byzantine Agreement (FBA) consensus mechanism, which does not support native staking or smart contracts, making it difficult for XRP to unlock greater value through staking or DeFi tools like ETH and SOL.

To address this issue, Doppler Finance has proposed the concept of "XRPfi", aimed at creating new earning opportunities for XRP holders. According to statistics, 92% of the total supply of XRP is currently idle, corresponding to a market value of approximately $113 billion. The mission of Doppler Finance is to activate these idle assets and help holders gain more returns.

Doppler Finance explores diversified income channels for XRP by integrating CeFi and DeFi:

1. Core XRPfi product: Integrates institutional-grade custody solutions, allowing XRP holders to safely participate in institutional-grade yield strategies.

2. Liquid Staking: Providing liquid staking services similar to Ethereum and Solana on XRPL sidechains (such as Root Network).

3. Lending Protocol: Launch lending products specifically customized for the XRPL sidechain to expand the earning potential of the XRPL ecosystem.

Since its launch in the first quarter of this year, Doppler Finance has experienced rapid business growth. On the first day of its launch, a quota of 200,000 XRP was snapped up within a minute, and subsequent rounds of quota expansion have been quickly filled. As of recently, the protocol has attracted approximately 8.39 million XRP in deposits, with a TVL of about 16.73 million USD. Depositing users can enjoy real-time APY returns of 3-4.5%.

In addition to basic earnings, Doppler Finance has also launched a points program that offers users potential airdrop opportunities. The points are divided into Doppler Points (DP) and Resonance Points (RP), focusing on XRPfi and sidechain scenarios, respectively. Currently, DP points have been activated, and users can earn 0.01 DP for every 1 dollar token deposited, with multiple acceleration mechanisms in place.

In terms of operation, users need to use XRPL network compatible wallets such as Girin Wallet. After connecting the wallet, users can directly deposit XRP on the Doppler Finance interface to participate. Users can view their positions and points in real-time through the Dashboard and Points interface.

With Ripple's recent breakthroughs in regulation, stablecoins, and institutional services, the XRP ecosystem is entering a period of accelerated development. Against this backdrop, Doppler Finance's innovative products fill the gap in the C-end layout, with the potential to activate hundreds of billions of dollars in XRP ecosystem value, injecting new vitality into the entire ecosystem.